Millions seized as Megaupload.com founder arrested

NEW Zealand police raided several homes and businesses linked to the founder of Megaupload.com, a giant file-sharing site shut down by US authorities, and seized guns, millions of dollars, and nearly $5 million (€3.9m) in luxury cars, officials said.

Police arrested founder Kim Dotcom and three Megaupload employees on US accusations that they facilitated millions of illegal downloads of films, music and other content, costing copyright holders at least $500m in lost revenue.

Extradition proceedings could last a year or more.